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Rocks Are _______ in the Process Called the Rock Cycle

question 21

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Rocks are _______ in the process called the rock cycle.

Understand the conditions for long-run economic profit or loss in price-taker markets.
Assess the minimum price a firm would need to charge to cover its average total cost in the long run.
Distinguish between price searchers and price takers.
Evaluate the effect of market entry or exit on market supply, price and firm profitability.

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